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Posted on 08/01/2019 10:56:29 AM PDT by Monrose72
WASHINGTON (Reuters) - U.S. President Donald Trump said on Thursday he would impose an additional 10% tariff on $300 billion worth of Chinese imports starting Sept. 1, as talks aimed at easting tensions between the world’s two largest economies continue. “Trade talks are continuing, and during the talks the U.S. will start, on September 1st, putting a small additional Tariff of 10% on the remaining 300 Billion Dollars of goods and products coming from China into our Country. This does not include the 250 Billion Dollars already Tariffed at 25%,” Trump tweeted.In a string of tweets, Trump also faulted China for not following through on promises to buy more American agricultural products and personally criticized Chinese President Xi Jinping for failing to do more to stem sales of the synthetic opioid fentanyl.
(Excerpt) Read more at reuters.com ...
Wondered what that cliff was that stocks (DOW) fell off of this afternoon.
“Wondered what that cliff was that stocks (DOW) fell off of this afternoon.”
Are you serious, or being facetious? I think the latter...
Good. I would also suggest that we invoke the same ‘rules’ as the Chinese as regards intellectual property.
First, anything that China makes that isn’t legitimately an invention from China would heretofore enjoy absolutely NO intellectual property rights protections. None.
Second, any US intellectual property that is being made in China without permission from the patent holders will automatically be put on a list of prohibited imports - and will also be subject to a strong US effort to block importation to ANY country we have influence with.
Third, any Chinese scientist, trainee, etc. who comes to spend time in the US will be required to sign and have notarized a document that states any invention/intellectual property that they contribute to in any way while they are in the US will automatically be US intellectual property - and will never be recognized as a Chinese invention. Further, any Chinese attempts to claim rights over any intellectual property that Chinese scientists or students are exposed to in the US will not be recognized as legitimate.
The bottom line is that China’s leadership wants to dominate the world, and they consider us an enemy. Without a change in China’s politics (or a total capitulation by the US - which is the liberal/leftist solution), it is inevitable that we will be at some form of conflict with China in the coming decades. Inevitable. That being recognized, we have to start protecting US interests NOW.
When something is working this well, just keep doing it.
Wall St. whores.
Fight your enemies when they are weak, not when they are strong.
Our enemies being US farmers and manufacturing.
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10% tariffs have become the three month warning that 25% tariffs are coming on those products - better find a substitute supplier quick.
IMO, Deal with China waiting for the 2020 election. They are pinning their hopes on Prez Trump losing.
“Our enemies being US farmers and manufacturing.”
What?
Wow 10% realizes $30B < $3B/month. This doesn’t even move the economic needle BUT WALL STREET WILL OVER REACT FOR SURE.
Should be 25% but I’ll take it.
Farmers are snow flakes and a pain in the ass but I don’t consider them the enemy. Manufacturing is the heart of any countries economy.
(202) 456-1111
The beatings will continue until morale improves.
For real. I came here to see the same thing. Look at the swing . It clear there was news
one two punch to market’s gut last two days leaves mark. ouch.
Powell’s ‘mid-cycle adjustment’ and now the threat of more tariffs has some investors grabbing profits .. all over 300B worth of goods.. 30B .
Just another day , crazy, Yes, but nothing to jump ship over.
Trump is increasing tariffs on more Chinese imports by 10%. I believe that is what caused the Dow to drop.
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